Despite all the incredibly positive developments in what I expect to one day – perhaps VERY soon – to be THE niche store-of-value altcoin, huge volume continues to turn over at roughly .002 BTC, representing a $10 million market cap; such as last night, when one buyer took 1,800 XRC worth of offers on p2pb2p, from .002-.0025.
Remember, XRC is extremely rare – with an available-for-sale float of roughly 550,000, at least 95% of which is held by whales holding for the long-term…in the process, collecting 95% of the “Strong Hands” dividends ONLY Bitcoin Rhodium provides. At least 10,000 XRC have traded at this level over the past few weeks, tightening the float further – at such comically undervalued prices, generating precious little Bitcoin as compensation.
Anyone with a modest knowledge of crypto – let alone, those savvy enough to acquire whale positions in small, SCARCE altcoins – knows that in crypto bull markets, the rising tide floats all boats – with tidal surges, for the cream of the crop. Moreover, after the 2017-18 bubble, crypto investors have become far more educated, and sophisticated – so this time around, they will not be fooled by false or impossible use cases. Instead, they will flock to the handful of coins with viable, defensible use cases – which shortly, will be widely understood about Bitcoin Rhodium.
XRC’s urging hash rate and broadening mining interest speak this in volumes – with the only remaining hurdles being the finalization of simple mainstreaming tools in the crypto sector; i.e., CMC market cap ranking and Trezor support.
The VAST majority of “cryptocurrencies” are useless forks and ERC-20 tokens that took little effort to create – but built inertia because they arose during an historic bull market (read – bubble). However, Bitcoin Rhodium was built during the bear market – and because it’s a unique, non-forked blockchain, with a unique mining pool, it took a LONG time to build, and perfect. To wit, the code was finally released to the public March 31st – finally enabling the (anonymous) devs to focus on the type of things that will translate XRC’s use case to “shareholder value.”
Smart investors – many of whom, received initial positions in the FREE BTC airdrop XRC was distributed in – have bought whale, and “mini-whale” positions as the hard work was being done - at the hands of short-sighted holders with little eye for value, or patience to wait for it to be realized. And now, with a new, generational crypto bull market commencing, that value is about to be realized in a BIG way – perhaps, shockingly so.
This morning, Bitcoin Rhodium’s devs announced that indeed, Trezor’s Model T software update incorporated XRC support – as discussed below, including detailed instructions of how to implement it. When a comprehensive firmware update is inevitably released, it will be available on Trezor One, too – and when it is, it will be one of just 40 of the 1,100 altcoins Trezor supports, that are NOT ERC20 tokens.
https://twitter.com/BitcoinRh/status/1139150474647654400
Additionally, tomorrow is the deadline for compliance to Coinmarketcap.com’s DATA alliance – so it’s very possible that p2pb2p, where the vast majority of XRC trading occurs, will comply (they have indicated their intention to do so); thus, causing CMC to publish XRC’s “circulating supply”; thus, giving it a market cap ranking.
Irrespective, XRC’s devs have made it their TOP PRIORITY to list on CMC-endorsed exchanges – so if p2p (or other XRC listed exchanges) don’t comply, I have little doubt this goal will be achieved by alternate means, ASAP.
Most importantly, the crypto bull market is gaining strength – and once $10,000 Bitcoin is passed (let’s call it the “new Hoffman line”), I expect an influx of capital into crypto DWARFING what occurred in 2017.
So, for those who chose to divest whale XRC positions for a pittance to the smart investors savvy enough to acquire it, it’s your loss. Conversely, those who can acquire XRC around the current $10 million valuation, are in a position to capitalize on the hard WORK, and FORESIGHT of one of the top development teams in crypto!
Bitcoin Rhodium currently trades on p2pbp2.io, Trade Satoshi, Fat BTC, Sistemkoin and Bisq – and shortly, WhiteBit. If you have questions about anything XRC-related, including OTC trading, please email me at [email protected], or DM/PM me on Twitter or Discord.